Business News
European car sales rise in June
Jul 15, 2009, 8:04 GMT
Berlin - A string of government car-buying incentive schemes resulted in European car sales rising by 2.4 per cent in June, the auto industry association (ACEA) said on Wednesday.
The rise in new car registrations to 1,461,859 in June was the first increase reported by the Brussels-based ACEA in 14 months.
More than 10 European countries having introduced bonus schemes aimed at encouraging car owners to replace their old cars with more energy efficient models.
But underscoring the crisis that has hit the car industry this year as a result of the global economic downturn, the ACEA said new European car registrations dropped 11 per cent during the first half of 2009 compared to the same period in 2008.
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